Balance Transferring to Marbles Card - When does £50 fee get paid

humfer

About to apply for this 9 month card, which comes with £50 transfer fee - do they take this as a seperate payment straight away, or do something sneeky and add it to the card balance in the hope I won't pay it off and charge interest on it (Confident that the balance transfer will be paid off just before the 9 months is up - just don't want to get caught out by forgetting to pay th £50 transfer fee). Any help much appreciated...

YorkshireBoy

The answer to your question lies in the summary box on the Marbles site...

Application of Payments

If you do not pay off your balance in full, payments we receive are applied first to Payment Protection Insurance premiums, then to Default and other charges, fees, interest and then Balance Transfers, Cash Advances and Purchases with lower rate introductory or promotional items repaid before items with no introductory or promotional rate. Please refer to "Application of Payments" section in your Agreement for a full breakdown.

humfer

So I assume it gets added to the card balance, but as long as I pay this complete balance off (balance transfer from other card + balance transfer fee) before the end of the 0% promotional period, I will be ok and not get charged any interest? Sorry if this is obvious, but I just want to be sure..

YorkshireBoy

The BT has a 2% (max £50) BT fee.

The minimum payments are 2%.

The fee is paid before the BT (as per summary box above).

Therefore the fee is repaid fully with your first minimum payment.

Therefore there is no interest to pay.